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[quote=Anonymous][quote=Anonymous]Is it really such a big problem? At a $60k private college, that means you're eligible for $10k in financial aid. If you've saved up $25K/year, you only need to come up with an additional $25k to meet your EFC. Your DC could take an unsubsidized direct loan for $5500, leaving less than $20k or 10% of income to pay.  At your income level, most families find that achievable.

On the up side, when DC#2 goes to college, your EFC will be cut in half. 
[/quote]

Lots of good advice here.

OP, you've got lots of options.

First, as mentioned, your in-state publics will cost you about what you have saved.

Second, lower-tier privates will offer solid students merit aid that can bring the price close to what you'd pay in-state.

Third, at that income, you should be able to pay a couple thousand out of pocket each month, maybe more. You can pay $25k from savings, $25k from earnings, and your kid can borrow $5-7k per year.

The world is your oyster, OP. We should all have your problems.[/quote]

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